FinCEN Provides Beneficial Ownership Information Reporting Relief to Victims of Recent Natural Disasters
October 30, 2024
Today the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced that certain victims of Hurricane Milton, Hurricane Helene, Hurricane Debby, Hurricane Beryl, and Hurricane Francine will receive an additional six months to submit beneficial ownership information reports, including updates and corrections to prior reports.
FinCEN has issued five Notices extending the filing deadlines to for reporting companies that
- have an original reporting deadline beginning one day before the date the specified disaster began and ending 90 days after that date, and
- are located in an area that is designated both by the Federal Emergency Management Agency as qualifying for individual or public assistance and by the Internal Revenue Service as eligible for tax filing relief.
Please refer to the applicable Notice for specific information.
- Notice regarding Hurricane Milton
- Notice regarding Hurricane Helene
- Notice regarding Hurricane Debby
- Notice regarding Hurricane Beryl
- Notice regarding Hurricane Francine
Key updates
FinCEN has granted an additional six months for submitting beneficial ownership information (BOI) reports to victims of:
- Hurricane Milton – applies to BOI report deadlines between October 4, 2024, and January 2, 2025.
- Hurricane Helene – applies to BOI report deadlines between September 22, 2024, and December 21, 2024.
- Hurricane Debby – applies to BOI report deadlines between July 31, 2024, and October 29, 2024.
- Hurricane Beryl – applies to BOI report deadlines between July 4, 2024, and October 2, 2024.
- Hurricane Francine – applies to BOI report deadlines between September 8, 2024, and December 7, 2024.
- Relief applies to companies and whose principal place of business is in areas designated by FEMA and the IRS for disaster relief.
- If the IRS designates more areas for tax relief due to the respective Hurricanes companies in those areas will also receive the six-month extension automatically.
- In addition, FinCEN will assist companies outside the disaster areas that need to access records in affected areas to meet their filing deadlines and should contact FinCEN at www.fincen.gov/boi.